The Donor Advised Fund of The VBF is a 501(c)(3) public foundation based in Richmond, Virginia. Also known as the VBF Charitable Gift Fund and the Donor Advised Fund of the Virginia Baptist Foundation, the organization was established in 1999 and has been tax-exempt since January 2001. The fund operates as a donor-advised fund platform that manages individuals' charitable contributions and directs distributions to their chosen qualified beneficiaries.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$18.6M
+7.7% YoY
Annual Giving
$1.6M
+57.7% YoY
Grant Count
42
+23.5% YoY
Avg Grant Size
$38K
+27.7% YoY
Mission & Focus Areas
The organization's mission is to receive contributions and periodically distribute them to qualified beneficiaries. The fund was formed exclusively for charitable endeavors and operates as a personal giving vehicle—functioning as a combination charitable investment account and streamlined family foundation for donors.
Primary funding focus areas include:
- Christian nonprofits
- Churches and church repairs
- Education
- Philanthropy, voluntarism, and grantmaking
- Human services
Grantmaking
The organization made grants totaling approximately $1.8 million in recent fiscal years. Grant amounts typically range from $5,032 to $255,732. Recent documented grants include:
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Geographic Focus
Where this funder awards grants
The organization primarily funds organizations in Virginia, North Carolina, and Georgia.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total assets: $18,603,869
- Total revenue: $3,310,000
- Total expenses: $1,990,000
- Total liabilities: $0
As of 2023:
- Total assets: $17,281,220
- Total revenues: $949,785
- Total expenses: $1,378,254
The organization maintains zero employees and operates with donor-directed grantmaking authority.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $18,603,869 | $17,281,220 | $17,709,689 |
| Revenue | $3,309,100 | $949,785 | $1,445,760 |
| Expenses | $1,986,451 | $1,378,254 | $1,199,251 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $1,467,113 | $22,631 | $570,047 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
171 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TODD FULLER | CEO | 2 | — |
| LAWRENCE L PEACOCK | CHAIRMAN | 0.3 | — |
| EUGENE WATSON | VICE CHAIRMAN | 0.3 | — |
| STEVEN R LOHR | DIRECTOR UNTIL 4/16/24 | 0.3 | — |
| JANET C GARRET | DIRECTOR | 0.3 | — |
| ANN F BROWN | DIRECTOR | 0.3 | — |
| ED CLINGMAN | DIRECTOR | 0.3 | — |
| ROBERT L SMYTHERS | DIRECTOR | 0.3 | — |
| BRITTON L GLISSON | DIRECTOR | 0.3 | — |
| ROBERT A WHITEHEAD | DIRECTOR | 0.3 | — |
| LEAH S HOPPER | DIRECTOR | 0.3 | — |
| CHARLES G KEY | DIRECTOR | 0.3 | — |
| BENJAMIN SILLMON | DIRECTOR | 0.3 | — |
| LEIGH ANN BAGGS | DIRECTOR | 0.3 | — |
| JOY BURROUGHS | DIRECTOR | 0.3 | — |
| BENJAMIN JAMISON | DIRECTOR | 0.3 | — |
| PATRICE STOKES | DIRECTOR | 0.3 | — |
Recent Activity
Recent developments and announcements
The organization operates a donor-advised fund through which donors can direct the distribution and investment of funds. Donors may designate their funds to be invested in one or more investment options, with portfolio objectives including a Growth Fund, 60/40 Balanced Fund, Conservative Fund, and Income Fund. The organization accepts various types of charitable gifts including cash, stock and mutual fund shares, real estate, physical property, business ownership, and life insurance.
Subject Areas
Focus areas based on grantmaking activity
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Similar funders by location and focus area
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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